CES Energy Solutions Corp. (TSE:CEU) Given Average Rating of “Moderate Buy” by Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU) have received an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$10.59.

A number of equities research analysts recently issued reports on the stock. ATB Capital upped their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. National Bankshares boosted their price target on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Scotiabank increased their price objective on CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Atb Cap Markets lowered CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada upped their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th.

CES Energy Solutions Price Performance

Shares of CEU opened at C$8.92 on Thursday. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The firm has a market cap of C$2.09 billion, a PE ratio of 11.44, a PEG ratio of 0.61 and a beta of 2.31. The firm’s 50 day moving average price is C$9.36 and its 200 day moving average price is C$8.53. CES Energy Solutions has a twelve month low of C$4.02 and a twelve month high of C$10.20.

CES Energy Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.35%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

Insider Activity

In related news, Senior Officer Anthony Michael Aulicino sold 54,789 shares of CES Energy Solutions stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total transaction of C$547,890.00. Also, Director Stella Cosby sold 4,304 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$43,040.00. Over the last three months, insiders sold 96,760 shares of company stock valued at $946,756. 3.03% of the stock is owned by company insiders.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.